5214 Newhart Cir · Toledo, OH 43615

$139,900

3 bd · 1.0 ba · 1,259 sqft · SingleFamily public records · 35 Days on market

Built 1931 7,900 sqft lot $111/sqft · 12% below area Est $159k · 12% under ↓ 2% since listing

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.3/30.0
• ARV discount +12.8/15.0
• DSCR +6.8/10.0
• 1% rule +5.4/10.0
• Livability +3.3/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks

Solid two story home that is conveniently located. The structure is solid and updates include roof covering, furnace and electrical. Roomy lot with a chainlink fence in the backyard. First floor living room has a gas fireplace. Kitchen has a closet pantry and comes with all appliances. Upstairs features three bedrooms with natural hardwood floors under the carpeting. Basement provides a spacious laundry area with additional storage space. Add your improvements to increase equity.

Key facts

• Chainlink fence
• Roof covering
• Gas fireplace

Tags

• ROOF COVERING
• FURNACE
• ELECTRICAL
• CHAINLINK FENCE
• GAS FIREPLACE
• CLOSET PANTRY

Property features AI

Finance

• Other: Residential zoning

Exterior

• Parking: Detached 2-car garage; Concrete surfaces; Driveway
• Utilities: Electricity connected (100 Amp service); Natural gas connected; Public water; Public sewer
• Home design: Single family residence; Two levels (2 stories); Detached house; No shared/common walls
• Construction: Vinyl siding; Block foundation; Shingle roof; Built (year per public records)
• Exterior features: Rear patio; Chain link fence; Level lot; City street frontage; Asphalt road surface

Interior

• Kitchen: Pantry; Electric oven; Microwave; Refrigerator; Dishwasher
• Bedrooms: Bedroom on Upper level with ceiling fan; Second bedroom on Upper level with ceiling fan; Third bedroom on Upper level
• Flooring: Carpet; Hardwood; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating
• Interior features: Pantry; Ceiling fan(s); Window screens; Sump pump
• Laundry & utility: Washer hookup in basement; Electric dryer hookup in basement; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $204 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#645 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, crime F, commute F.
• Toledo City (urban): math 15% / reading 24% proficiency, ranked #634 of 656 in OH (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Hawkins Elementary School (math 18% / reading 23%, grade F, #1,279 of 1,584 statewide, top 81%, 352 students, 0% FRL); Rogers High School (math 8% / reading 27%, grade F, #689 of 781 statewide, top 90%, 721 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+2.6%/yr); 114 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).
• This rent runs 30% of the median local income ($58k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Lucas County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1931 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $135,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1931 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.04% ✓
• Cap rate: 8.05%
• Cash-on-cash: 6.26%
• DSCR: 1.28
• GRM: 8.0

CMA / ARV

• ARV (median comp): $158,574
• List price: $139,900
• Delta: -11.78%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1723 Atwood Rd	0.23mi	3/1.0	1,189 (-6%)	1mo	$155,000	$130	79
1933 Grecourt Dr	0.31mi	3/1.0	1,307 (+4%)	2mo	$165,000	$126	77
5343 Florita Dr	0.19mi	3/1.0	1,337 (+6%)	8mo	$141,000	$105	74
5427 Florita Dr	0.30mi	4/1.0 (+1)	1,208 (-4%)	1mo	$182,000	$151	74
5201 Brandel Cir	0.09mi	3/1.0	1,099 (-13%)	6mo	$139,900	$127	70
5665 Camberley Dr	0.61mi	3/1.0	1,320 (+5%)	2mo	$120,000	$91	62
1923 Eileen Rd	0.48mi	3/1.0	1,152 (-8%)	2mo	$141,000	$122	62
5809 Dorr St	0.74mi	2/1.0 (-1)	1,204 (-4%)	3mo	$170,000	$141	51
2103 Rivard Rd	0.32mi	3/2.0	1,442 (+14%)	8mo	$192,010	$133	50
2026 Pautucket Rd	0.70mi	3/1.5	1,375 (+9%)	5mo	$165,000	$120	45
5057 Kellogg Rd	0.62mi	2/1.5 (-1)	1,104 (-12%)	1mo	$186,000	$168	42
4709 W Bancroft St	0.75mi	3/2.0	1,444 (+15%)	3mo	$164,000	$114	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.59% rent growth · sell at horizon

5-year hold

• IRR: -7.1%
• Equity multiple: 0.74×
• Total profit: $-10,246
• Equity at exit: $20,860

10-year hold

• IRR: 2.0%
• Equity multiple: 1.14×
• Total profit: $5,438
• Equity at exit: $12,096

Cash invested: $39,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43615

• Home prices YoY: -31.9%
• Rents YoY: 2.6%
• Active inventory: 114
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,456 high
• Mortgage (P&I): −$734
• Tax from tax record: −$154 /mo · $1,852/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$306
• Net cashflow: $204

Break-even live

Break-even rent $1,198

Max offer price $139,900

Occupancy floor 81%

Sensitivity live

Price	-10% $284	-5% $244	+0% $204	+5% $165	+10% $125
Rent	-10% $89	-5% $147	+0% $204	+5% $262	+10% $319
Rate	-1.0pp $275	-0.5pp $240	base $204	+0.5pp $168	+1.0pp $131

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1318 Montain Rd Toledo, OH	2.0	1.0	1050	$1,195	$1.14	21d	1	0.29mi
5133 Wissman Rd Toledo, OH	4.0	2.0	1501	$1,650	$1.10	44d	1	0.33mi
2023 Eileen Rd Toledo, OH	3.0	1.0	1297	$1,475	$1.14	44d	1	0.52mi
5344 Claxton St Toledo, OH	3.0	1.0	1234	$1,445	$1.17	44d	1	0.55mi
1101 Linden Ln Toledo, OH	1.0–2.0	1.0–2.0	975	$1,345	$1.38	44d	4	0.58mi
1125 Hilltop Ln Unit 1127 Toledo, OH	3.0	1.5	1500	$1,549	$1.03	24d	1	0.60mi
1130 Pine Valley Ln Toledo, OH	1.0–2.0	1.0–2.0	799	$1,299	$1.63	14d	6	0.71mi
1926 N Holland Sylvania Rd Toledo, OH	2.0	1.0	900	$700	$0.78	44d	1	0.79mi
4515 W Bancroft St Toledo, OH	3.0	2.0	1120	$1,500	$1.34	14d	1	0.94mi
1009 N Holland Sylvania Rd Toledo, OH	2.0–3.0	1.0–2.0	1130	$1,759	$1.56	14d	21	0.96mi
2704 Westmar Ct Toledo, OH	1.0–2.0	1.0–1.5	944	$1,599	$1.69	14d	1	1.01mi
5007 Hill Ave Unit 5 H Toledo, OH	2.0	1.0	950	$850	$0.89	24d	1	1.31mi
4033 Hillandale Rd Toledo, OH	2.0	1.0	1170	$1,495	$1.28	24d	1	1.39mi
4021 Hillandale Rd Unit 4 Toledo, OH	2.0	2.0	1750	$1,695	$0.97	14d	1	1.41mi
4012 W Bancroft St Ottawa Hills, OH	2.0	1.0	1008	$972	$0.96	24d	1	1.48mi

Listing history 16 events

1. 2026-06-18
   days on market $139,900 Active 35 DOM
2. 2026-06-17
   days on market $139,900 Active 34 DOM
3. 2026-06-16
   days on market $139,900 Active 33 DOM
4. 2026-06-15
   days on market $139,900 Active 32 DOM
5. 2026-06-14
   days on market $139,900 Active 30 DOM
6. 2026-06-10
   days on market $139,900 Active 27 DOM
7. 2026-06-09
   days on market $139,900 Active 26 DOM
8. 2026-06-08
   days on market $139,900 Active 25 DOM
9. 2026-06-07
   days on market $139,900 Active 24 DOM
10. 2026-06-05
    days on market $139,900 Active 21 DOM
11. 2026-06-03
    days on market $139,900 Active 20 DOM
12. 2026-06-02
    days on market $139,900 Active 19 DOM
13. 2026-06-01
    days on market $139,900 Active 18 DOM
14. 2026-05-31
    days on market $139,900 Active 17 DOM
15. 2026-05-30
    pricedays on market $139,900 Active 16 DOM
16. 2026-05-13
    listed $142,500 Active 484-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $1,852 · $154/mo
• Projected year-2 tax: $2,017 · $168/mo
• Expected delta: +$165/yr (+$14/mo · 8.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,478
• − Mortgage interest: −$7,837
• − Property taxes: −$1,852
• − Insurance: −$700
• − Repairs & maintenance: −$1,398
• − Management: −$1,398
• − Depreciation: −$4,070
• Taxable income: $223
• Est. tax owed @ 24.0%: −$54
• After-tax cash flow: $2,398/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Toledo City
• NCES district ID: 3904490
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 24% ▼ -13.00%
• Median HH income: $32,137
• Composite: 15.76/100
• National rank: #9276
• State rank: #634 of 656 in OH

Livability — Toledo

• Score: 66/100
• State rank: #645
• US rank: #11442

Category grades

Amenities C- Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Toledo, OH
• County: Lucas County · 380,724 people
• City population: 280,811
• Metro: Toledo, OH
• Population (ZIP): 40,146
• Household income: $57,713
• Rent vs Own: 46.0% rent · 54.0% own
• Severe rent burden: 1683.0

Population outlook (Lucas County) Hauer SSP2

• Today (2025): 420,751 people
• By 2030: 410,187 · -2.5%
• By 2040: 384,019 · -8.7%
• By 2050: 355,125 · -15.6%
• By 2075: 291,683 · -30.7%
• By 2100: 233,670 · -44.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 26% Two or more races 6% Hispanic / Latino 4% Asian 3%
• Common ancestry: Romanian 7% Lithuanian 3% Slovak 2%
• Foreign-born: 5% · China, Canada
• Languages at home: 93% English-only · Arabic 2% Spanish 1% Chinese 1%

Political lean MEDSL · Lucas

• 2024 margin: D (+12.6) · D 55.8% · R 43.2%
• 2008→2024 swing: -18.9pp toward R · 2008: 31.4pp · 2024: 12.6pp
• All cycles: 2024: D+12.6 2020: D+16.8 2016: D+17.4 2012: D+30.4 2008: D+31.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.44%
• Current HPI: 205.95
• Rent YoY: ▲ 2.59%
• Metro: Toledo, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

-1.8% since first listed

2 events — show timeline

• 2026-05-29 Price Changed $139,900 NORIS
• 2026-05-13 Listed $142,500 NORIS

Property tax history

+5.7%/yr

Latest (2025): $1,852 · -1.5% YoY. Source: county tax records.